Imelt is Obamaesque - "misspeaks" when it's convenient.
During the financial crisis, he promised GE investors that their GE dividend would not be cut that year, then proceeded to slash it.
Translation: "If you like your dividend, you can keep your divident."

5:47 pm March 10, 2014

Cosmo the Bold wrote:

If Mr. Immelt had any concerns for the shareholders what so ever, he would resign immediately. The resulting run-up in the stock would make Mr. Balmer’s departure rally pale in comparison.

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